Gucci, one of the big fashion brands, will start accepting Dogecoin, and Shiba Inu alongside some other cryptocurrencies at select locations in North America, according to a report published by Vogue Business.
Customers will be able to make cryptocurrency payments using a QR code.
Marco Bizzarri, Gucci’s president and CEO, made the following statement at this event:
“Gucci is always looking to embrace new technologies when they can provide an enhanced experience for our customers. Now that we are able to integrate cryptocurrencies within our payment system, it is a natural evolution for those customers who would like to have this option available to them.”
According to reports by Vogue Business, Gucci plans to test the crypto payment initiative at five flagship stores, including Wooster Street in New York, Rodeo Drive in Los Angeles, Miami Design District, Phipps Plaza in Atlanta, and The Shops at Crystals in Las Vegas, at the end of this month.
This is planned to be a “Pilot Project”. If this goes well with the company, it has plans to extend the pilot to all of its directly-operated North American stores this summer.
Shiba Inu continue to experience massive adoption
Though only coming into existence in August 2020, Shiba Inu has experienced a tremendous increase in popularity and adoption. This has also increased the coin’s utility across numerous trading platforms and online and physical stores.
Also, in another recent report, Shiba Inu enthusiasts can use the cryptocurrency to pay for sandwiches and burgers from a Naples-based restaurant, which is themed after the digital currency.
Furthermore, Equinox Global also announced that New York residents can now use the cryptocurrency to pay for fitness services.